Ferguson Plc (OTCMKTS:FERGY) to Post FY2023 Earnings of $0.60 Per Share, Jefferies Financial Group Forecasts

Ferguson Plc (OTCMKTS:FERGY) – Equities researchers at Jefferies Financial Group issued their FY2023 earnings per share (EPS) estimates for Ferguson in a note issued to investors on Sunday, December 1st. Jefferies Financial Group analyst P. Woolf anticipates that the company will earn $0.60 per share for the year.

A number of other research analysts have also recently issued reports on FERGY. Royal Bank of Canada cut shares of Ferguson from a “sector perform” rating to an “underperform” rating in a research report on Thursday, September 19th. ValuEngine cut shares of Ferguson from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Citigroup downgraded shares of Ferguson from a “buy” rating to a “neutral” rating in a research note on Monday, August 12th. Liberum Capital lowered shares of Ferguson from a “buy” rating to a “hold” rating in a report on Friday. Finally, Bank of America cut Ferguson from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 27th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.25.

Shares of Ferguson stock opened at $8.69 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.05. The company has a 50-day moving average of $8.50 and a 200 day moving average of $7.53. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 4.97 and a beta of 1.10. Ferguson has a 1 year low of $5.95 and a 1 year high of $9.06.

The company also recently declared an annual dividend, which was paid on Friday, November 29th. Investors of record on Friday, October 25th were paid a $0.125 dividend. This represents a yield of 1.56%. The ex-dividend date was Thursday, October 24th. Ferguson’s payout ratio is 25.00%.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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